regulatory capture
Certificate of Need Laws Show Entry Barriers Can Raise Spending
In most states, health care providers who seek to open a new hospital must obtain a “certificate of need” (CON) from a state board certifying...
Why is Medical Marijuana Still Not Accepted in All 50 States? Ask George Stigler
A new working paper by University of Georgia researchers shows that medical marijuana leads to sharp drops in the number of prescriptions for...
Whistleblowers are Motivated by Moral Reasons Above Monetary Ones
Studies consistently show that whistleblowers are motivated by moral reasons. The primacy of moral concerns makes sense, considering how frequently whistleblowers face exclusion and retaliation rather...
SEC and Revolving Doors: Q&A with Eric Ben-Artzi, the Deutsche Bank Whistleblower Who Rejected a Multimillion Dollar Award
ProMarket interviews Eric Ben-Artzi, the former Deutsche Bank risk officer turned whistleblower who rejected an $8.25 million award from the SEC.
In May 2015, Deutsche Bank...
Combatting External and Internal Regulatory Capture
External and internal capture may be reduced through a more logical division of labor between Congress and agencies.
In these hyper-partisan times, one is hard-pressed...
Regulators as Validators
Special interest groups can use their influence over regulation to water down not just potential legal sanctions but also potential reputational sanctions.
What deters corporate...
The Elusiveness of Regulatory Capture
Regulatory capture is hard to pin down, its elusiveness stemming from four principal factors.
Nearly everyone sees regulatory capture – and rightly disdains it. And...
Regulatory Capture is Not “Inevitable”
“Capture” has become a self-fulfilling prophecy of economists who turn their students into sure-to-fail regulators.
A Wall Street Journal editorial asserted the “inevitability” of...
Prosecuting Corporate Criminals
Prosecutions of individual corporate criminals can, in fact, be successful—and are critical for attaining justice.
It is difficult to escape the inference that the Great...
“Why Argue With the Government When You Can Buy the Government?”: Q&A with Gary Reback
In an interview with ProMarket, antitrust lawyer Gary Reback elaborated on the difference between antitrust enforcement in the U.S. and Europe, the influence the U.S. Supreme...
